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All Forum Posts by: Erick De casas

Erick De casas has started 2 posts and replied 13 times.

Post: New investor reaching out the BP community

Erick De casasPosted
  • Real Estate Agent
  • San Ramon, CA
  • Posts 14
  • Votes 6
Quote from @Steven Foster Wilson:
Quote from @Erick De casas:

Hey everyone! My name is Erick De Casas and like a lot of you (or all of you) i plan on investing in Real Estate in the future. Im in the California Bay Area but will most likely buy out of state to start. My goal is to do a few BRRRR's and a few short term rentals. Ive set a goal of spending 5 hours a week as of now to study different markets and analyze deals. I'm definitely looking to finding a mentor in my area. Im an electrician at the moment with 11 years of experience and I have a lot of friends in different trades, if you ever need help with anything electrical and don't mind showing me how you analyze deals id love to help! Thanks for all the value you all bring.

Erick


 Welcome Erick,

I think it is great that you are looking for a mentor. That is one of the biggest first steps that really helps. The bigger podcasts are really good as well as the book Rich dad Poor dad. 


Of course, I listen to every episode along with the Real Estate Rookie podcast. Rich Dad Poor Dad was the one of the books that got me into this, but my personal favorite is The Richest Man in Babylon, thats the one that really opened my eyes and to seek financial freedom.  

Post: New investor reaching out the BP community

Erick De casasPosted
  • Real Estate Agent
  • San Ramon, CA
  • Posts 14
  • Votes 6
Quote from @Anissa Olivares:

Erik, 

Welcome to BP and to the world of RE Investing. I applaud you on your due diligence and studying the markets. Especially since you want to invest out of state. 

I'm from San Antonio, TX which has a high rental percentage compared to homeowners. High in tourism, close driving distance to other major metropolitan areas and land. 

I encourage you to have mentors but definitely learn from everyone. Being an electrician you already know that there are costs that are usually looked over. The little things like fixtures, plug covers fire alarms, etc. These little things that newbies forget about can end up costing hundreds if not thousands. 

Just know that you always have the BP community as well as persona connections you will make to help along the way! GOOD LUCK !!


 Thank you! And yeah I definitely understand the costs, especially hidden costs that can go wrong in Construction. Small things like making a list of materials for projects and estimating how long it’ll take me will help me in the long run. My biggest hurdle right now is financing so that’s what I’ll be focusing on. I’ll definitely check out the San Antonio market!

Post: New investor reaching out the BP community

Erick De casasPosted
  • Real Estate Agent
  • San Ramon, CA
  • Posts 14
  • Votes 6

Hey everyone! My name is Erick De Casas and like a lot of you (or all of you) i plan on investing in Real Estate in the future. Im in the California Bay Area but will most likely buy out of state to start. My goal is to do a few BRRRR's and a few short term rentals. Ive set a goal of spending 5 hours a week as of now to study different markets and analyze deals. I'm definitely looking to finding a mentor in my area. Im an electrician at the moment with 11 years of experience and I have a lot of friends in different trades, if you ever need help with anything electrical and don't mind showing me how you analyze deals id love to help! Thanks for all the value you all bring.

Erick